Standex Int’l Corp. (NYSE:SXI) is Wilen Investment Management CORP.’s 6th Largest Position

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Wilen Investment Management CORP. decreased its holdings in Standex Int’l Corp. (NYSE:SXI) by 1.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,279 shares of the industrial products company’s stock after selling 850 shares during the period. Standex Int’l accounts for about 4.6% of Wilen Investment Management CORP.’s portfolio, making the stock its 6th biggest holding. Wilen Investment Management CORP.’s holdings in Standex Int’l were worth $6,079,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC lifted its position in shares of Standex Int’l by 10.5% in the first quarter. SG Americas Securities LLC now owns 23,415 shares of the industrial products company’s stock worth $1,719,000 after buying an additional 2,219 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Standex Int’l by 209.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 140,586 shares of the industrial products company’s stock worth $9,445,000 after buying an additional 95,161 shares in the last quarter. Advisor Group Inc. lifted its position in shares of Standex Int’l by 32.5% in the fourth quarter. Advisor Group Inc. now owns 689 shares of the industrial products company’s stock worth $46,000 after buying an additional 169 shares in the last quarter. Texas Permanent School Fund lifted its position in shares of Standex Int’l by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 8,395 shares of the industrial products company’s stock worth $564,000 after buying an additional 325 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of Standex Int’l by 381.9% in the fourth quarter. Two Sigma Investments LP now owns 40,044 shares of the industrial products company’s stock worth $2,690,000 after buying an additional 31,734 shares in the last quarter. Institutional investors own 88.56% of the company’s stock.

SXI stock traded down $0.43 during midday trading on Friday, reaching $69.00. 1,098 shares of the company traded hands, compared to its average volume of 70,663. Standex Int’l Corp. has a 52-week low of $62.02 and a 52-week high of $114.20. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.49 and a quick ratio of 2.69. The company has a market cap of $869.26 million, a PE ratio of 13.35 and a beta of 1.45.

Standex Int’l (NYSE:SXI) last issued its quarterly earnings data on Monday, April 29th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.43). Standex Int’l had a net margin of 8.41% and a return on equity of 12.28%. The company had revenue of $193.80 million for the quarter, compared to analysts’ expectations of $201.16 million. During the same quarter last year, the company earned $1.11 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. Equities research analysts expect that Standex Int’l Corp. will post 4.1 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, May 9th. This represents a $0.80 dividend on an annualized basis and a yield of 1.16%. Standex Int’l’s dividend payout ratio (DPR) is presently 15.47%.

A number of equities research analysts have issued reports on SXI shares. Zacks Investment Research upgraded Standex Int’l from a “sell” rating to a “hold” rating in a research report on Tuesday, February 19th. William Blair restated a “market perform” rating on shares of Standex Int’l in a research report on Wednesday, May 1st. Finally, ValuEngine downgraded Standex Int’l from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 1st.

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Standex Int’l Profile

Standex International Corporation manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The Food Service Equipment segment offers refrigerated cabinets, cases, display units, walk-in coolers, and freezers; commercial ovens, char broilers, ranges, griddles, toasters, warmers, roller grills, and countertop merchandisers; commercial cook and hold units, rotisseries, pressure fryers, and baking equipment; commercial deep fryers; merchandizing display cases; pump systems; and cold storage equipment.

Read More: Dividend Aristocrat Index

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Institutional Ownership by Quarter for Standex Int`l (NYSE:SXI)

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